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A trade, quote, or market that does not originate with the dealer in question, e.g., "the bid is 98-10 away from me."
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Used to refer to a market, quotation, or trade not originating with a particular dealer. For example, a dealer quoting a stock at 15 away would be quoting a price that comes from a different market maker.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.